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(req) ATR Trailing Stop Bands


vx13

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Hi

I was wondering if anyone could create an ATR Trailing Stop Band indicator.

It looks like:

 

http://www.incrediblecharts.com/images/png_images/crb_atr_bands.png

 

Below I have attached an indicator that creates either one side or the other of the trailing stop band.

I'm having trouble having them plot both sides to create a channel like the above image.

Any help would be much appreciated! :D

 

http://[email protected]/BR4PMQZGW4

Edited by vx13
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When you have a sell order, set your stoploss to whatever the red line is.

When you have a buy order, set you stoploss to whatever the blue line is.

These lines trail behind price to lock in an optimum amount of pips.

I use optimum loosely of course. I needed this for an EA that manages my stoplosses (but not my entries or orders).

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  • 2 months later...

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